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of savings, being moderate in consumption, for a government is not to run a deficit. for a country, virtue is to have your balance of payments, if anything, in surplus, not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not led to, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frenchman. >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis li
of many. a singular focus on employment in the deficit had taken the wind out of the sales of issues such as these, and, yes, they are critical and linked to jobs and social >> we have done six licensing studies, and taken a look at laws and regulations to see what states are doing, and what we found is really not ok. the average score for centers in our reports is 87, which i do not want to get into. it is about 58%. that would be a failing grade in any classroom in america. we just came out with a report. i do not know if you have seen it. it is called "leaving children to chance." this report can add a couple of months ago and it looked at what is happening in homes. 4 d's. one b's, 4 c's, the 10th state, massachusetts, failed, and they were in the top 10. -- i think iith heard the first remarks say investment in child care and early learning. i do not think it is child care and early learning. i think for parents and many children, child care is an early learning program. on average, 11 million kids, about 35 hours a week, so for those lucky enough, 1.3 million children in pre-k
, trying to do deficit reduction is raising taxes and not doing the cutting on the other end. why don't we try a different approach? why don't we try an approach and cut stuff and then maybe raise, at thats later? >> we can't cut. we can't cut. we can't cut. >> then we're might as well as go down in flames if we can't cut. >> raise taxes. >> neil: charles, one of the interesting things this week, the 47% romney thing and i go back and forth no matter who's nose got out of joint as a result of the comments picked up at a fundraiser. the 47% should stagger you, how we get 47% don't pay taxes. i take nothing away from those on social security, retirement. for whatever reason we're close to paying no federal income taxes today and yet, the only way to correct this, and i think that ben is it an earnest guy and earnestly reading the map of the land is well, we're going to have to hike taxes on the well-to-do or do something like that because the spending cuts and-- so here we go on this group that we always hit up despite the fact that half aren't getting in at all. >> the spending cuts will ne
time. [laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-right lunatic running a far
% growth in gdp. what he's referring to the fact we're not going to let this increase the deficit. and so the growth in revenues as a result of the economic growth is going to pay for that in part, and we're also going to make the tax system flatter and fairer and simpler which is something else conservatives have wanted, which is also pro-growth. and that's the part the governor is emphasizing. >> he says don't expect any big tax cuts. first of all, you guys ought to pledge to the middle class those middle brackets. i'm not talking about the upper. the upper should lose their tax deductions and everything should be on the table. but i'm talking about the brackets that are around 15% to 28%, jim. that's where the take home is going to rise. you ought to say we're going to leave your deductions alone. we're going to take it out of the high of the upper income people because we're giving them a big tax cut. the middle class, he shouldn't even suggest they're going to be tax deductions. i wrote a column about this. i said use reagan's slogan. use reagan's slogan. all right. take-home pay, th
on handling the deficit and joblessness, but trails on virtually every other big issue, including medicare, taxes and foreign policy. keeping them honest, when it comes to some of those issues, both candidates have come up short either on specifics or credibility. issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can
came in office. i inner hadited the biggest deficit in our history. the last four years it went up and 90 percent is consequence of two wars that were not paid for and tax cut that is were not paid for . prescription drug plan not paid for and worst economic crisis since the great depression. that accounts for 10 percent of the increase in the deficit. >> brian: front page of the new york times. stuart rather thaney it is over one trillion. every budget when they do the math he is over budget by a trillion dollars. >> gretchen: he said 10 percent. wars and the horrible recession he was begin that only accounts for 10 percent. >> yes. >> gretchen: what about the other 90 percent? >> steve: george bushes fault? >> gretchen: i am anding a question. >> you are exposing the attitude of the establishment media to all of president obama and his economic record. break it down. the president said i am only 10 percent responsible for a massive accumulation of debt. he is a big spender, a very big spender and that's the principle reason why we have a massive deficit of trillion a year. he has
trillion national debt we have runaway deficits each and every year. we need to have the people down there and focus in a bipartisan matter. we do not need blood and teeth in the streets. we need people will find solutions. >> in this state, the legacy of senator kennedy is well known. part of that legacy is being able to compromise and work with republicans. can you name republicans in the senate that you are able to work with on big issues that the country faces? >> probably richard would be one that comes to mind. >> not going to be there. >> that is a problem. >> let me ask the question. are there any republicans that will be in the senate that you fill you can work with substantively and compromise with? >> it depends on what the subject matter is. let me give you an example. on the question of fannie and freddie -- fannie mae and freddie mac. the republicans have said across the spectrum that we need to revise fannie and freddie. i think there are wrong. at the that is an issue i think i could work with virtually every republican in the united states senate because it is an imp
. the 2012 budget had 64 billion euros worth of austerity built into it. that was designed to get the deficit levels right back to those iconic levels, but they missed on their deficit star get last year and they'll miss on this year. they're hanging on to #.5% bond you this believes if not reable because austerity on top of a recessionary environment is a toxic mix. >> the ecb saying spanish bank deposits down 1.1% on the month in august, which means they're now the lowest level since april 2008. and we've got a prime minister there who has effectively said to the markets come out and short me because we're not going to go for a bailout unless webo costs go higher. and he's trying to delay aid until after the catalonia elections. and that seems like a pretty thin tight rope to walk. loan i. >> and we'll get the report on just how much money the banks need. it is suspected it will be in the 60 billion plus. but the elections on october 21st, that's rajoy's own province. and then you have the cat lo loaniloa loanian region think they're the richest region giving too much to the others. the res
have started looking over. we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the detail
a fiscal deficit problem or whether it has to be solved. a year ago that was debated and now the debate is however going to solve the? are we going to solve it on the revenue side? are we going to to solve it on the expenditure side? there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of w
, young adult population. we haven't quite recognized the deficit we have their. as for the state level i think a lot has happened. we work of the state level and attempt to put together work of kids through consumption properly taken care of and educated and carried from conception to kindergarten. we are finding more and more business people who get the reality. the hour understanding with the situation as they are increasingly ready to take action in this area that supported salles solomon to resolve problems we find the report last march from pre-que to the cost and difficulty through kindergarten provided to 100 kids yields the reduction in special-education alone. so what is -- there is that the state level this understanding to take place and people can act on it and it can be done on a school district level. so in many respects, the power of technology and communications for this enabling people and local levels to act in ways they cannot at federally and as the act in the region and the state level it becomes then clear of the federal level what needs to be done, so from my stand
will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're not three weeks into qe-3 yet and the populous mind set of the markets is that we're done qe-3, let's move on to whatever's next. qe-3 is in my opinion very different fr
that governor romney has the advantage when it comes to the issue of the debt and the deficit. wendell is live at white house this afternoon. wendell, how big is governor romney's lead on the deficit issue? >>guest: four points. a new poll, after four years of trillion dollar deficits, that may not be ohio voters' most important economic concern given they prefer president obama as governor romney as the candidate who does a better job on the economy. a spokesman said "as time progresses the field is looking like it is narrowing for them. in that sense we would rather be us than them." romney officials accuse the obama camp of spiking the ball on the 30-yard line. press secretary carney said the real question is, what would the replacement refs do if someone spiked the ball on the 30. >>shepard: that is an interesting point. chinese trade practices on the campaign trade today was a talker. >>guest: rather than the auto bailout which is usually the subject in ohio, mitt romney says that china's cheating costs jobs. he promised to crackdown on subsidies and currency manipulation. the president h
the deficit and debt. virtually every poll. who's better equipped to deal with the deficit and debt. the more they play to the religious right on social issues, the more they risk alienating these centrist voters. >> did you disagree? >> absolutely. the latest polls show that people trust obama more now with the economy. this economy issue solely is a losing issue for romney as the economy improves, but also it fails to reck thiz people care about other things other than just the economy. >> pastor jeffers, if i may, i was making the distinction about not just the economy, but deficit and debt. so, i appreciate your desire to have your nominee really focus on playing to the base in the religious right. that is your prerogative, but you can't rewrite polls to say that's a winning strategy when it comes to reaching out. >> what i'm saying to you is that i think the hunt for these elusive independent or undecided voters out there is going to be a losing strategy. it was in 2008 for john mccain. i think it will be this time. i'm not saying he has to make these social issues the heart of every stu
about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestration of defense, is not an excuse to do and what the law says. >>
to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their own deal. harry reid, the democratic leader, said to the president,
in deficits. >>> hundreds of mexicans are involved in the fast and furious. this is a terrible story, hundreds of mexicans may be involved. should attorney general holder be fired immediately over this new information? >>> the ism signals no recession, that's good. but is the obama-bernanke qe stimulus plan going to bail out the president in this election and what about down the road, does it give us a huge inflationary bubble? lee munson, he's chief investment officer of a port folio. you have got the feds blowing smoke and water and money at the stock market. we did have a good manufacturing report today, i like that because that's good for america. a lot of stuff that's not so good like jobs or unemployment. are you a bull or a bear? do you believe the market's going to go up or down? >> i believe it's going to go up, but the ism report, earlier this year we had bad job numbers and the market could lose steam going into the election, job numbers started to pick up all of a sudden, this manufacturing thing has been put to rest and it's going to alou us to focus more on this election. >> are
and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval. it made it easier for the u.s. not to make the tough choices at this moment. any country trying to cut the budget deficit, it is harder to do while that country is in recession. it actually makes the recession worse, which makes it -- it has to be more cuts in order to meet the deficit targets. it is nearly impossible to see how the countries can do that. >> so you point out, you negotiation unemployment rate 25% in spain, running down more numbers, 54% of greeks under age 25 are unemployed. are major spending cuts raising retirement age here to 67, will that work for spain and greece? >> well, over time it should
, to the projects that we had talked about, we had just closed out a $385 million deficit. we had introduced pension reform as we talked about it at that time to get the city in better economic gear. we had also chosen a new police chief by a year-ago and excited to see what that was. and then supervisor kim and i and david chiu had been fresh off of helping the company called twitter sustain the city and i want to thank supervisor kim, who is here today and we're working closely together to make sure we're doing it right. that all of the impacts that we can generate positively, not only on central market, but throughout her district and throughout the city. i also want to acknowledge other people that are working really hard, because my feeling in a year-ago was that after all of those things that we did, and the work that we had done that first year, rest was my major focus. and after i met with you last year, rest was not on the agenda. absolutely not. in fact, we had gone right to work because there were so many of you who had also felt that the city could turnaround. you have given me and our
voters have no idea what you're talk about. >> the number in the times front page story about the deficit and, you know, the fourth straight year of trillion plus deficit, these are things that concern -- >> the american voters. >> and a number that resonates. talk about trillion dollar deficits an every normal person is going to go what are we doing. >> let's be clear about that ad. the ad is a strong ad, but generally candidates do straight to camera ads when they feel like they're in trouble. president obama did his one and only after the welfare ads started to hurt him, you didn't build that, he went straight to camera. romney's ad is a response to the 47% and what that's doing to him in places including ohio and to go back to curt's point about why romney is personally beyond the economic numbers, the president has had a problem with white working-class vote es for a long time. worse in the south than in the industrial midwest but still there in the industrial midwest. mitt romney is almost like -- almost the jerry built to be the worst possible candidate to talk to white working-cla
points. first of all, defense will and can make a contribution to deficit reduction. secondly, this is not the way. the sequester is the worst way to go about reducing defense spending. thirdly, the right way to do it is to go after taxes, raise tax revenue and cut the entitlement programs, which are driving long-term spending growth and debt creation in this country. it's not defense, which is on a relatively stable downward path. so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a
's reduce the deficit in a way that does not stick it to middle class families. i have already worked republicans to cut one trillion dollars in spending and i'm willing to do more. i have a plan for a trillion deficit-reduction. we cannot cut our way to prosperity. we have to cut our tax code and ask the wealthiest households to pay higher taxes. to go back to the same rate when bill clinton was president. when we created 23 million new jobs and the biggest surplus and history, and a lot of millionaires to boot. in fairness, my opponent has a plan when it comes to taxes. but as president clinton said, it does not have an arithmetic. -- any arithmetic. they are selling the idea you could spend trillions of dollars on tax breaks for the wealthy. no matter how many times they try to rebuild their campaign, no matter how many times they try to tell you they're going to talk specifics, they do not do it. the reason is because the amount does not work -- the math does not work. they do not explain how tax cuts are going to be put on the table without raising taxes on now class families. th
this month and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. observers say the government may face difficulties to achieve its reduction target this year. they site sluggish growth due to a deteriorating economy than many analysts had expected. let's get a check on the market. prices rose in new york overnight as they cheered spain's effort to fix troubled finances. we got some economic data and what can you tell us about that? >> before i talk about the stock market let me dpgive you the headline figures. the industrial out put fell 1.3%. that's the second straight month of decline and it is worse than whattagists had expected. second of all we also had some inflation numbers. consumer price index fell 0.3% compared with the same month last year and that's the fourth straight month of decline underscoring japan's deflationary trends eaking of e ock market trading let's check where the nikkei average is. it's
informed, mr. president, looking at this year's budget you are going to have a trillion dollars deficit. he said, "i haven't done anything yet." [laughter] he said, no, mr. president, the budget they passed in october of last year guarantees that no matter what you do, you will have a trillion dollar deficit this year in the budget. ladies and gentlemen, these guys talk about the national debt. what date did generated the slowest growth in private-sector jobs since world war ii. it gave us this great recession. what they have not told us is that they have been unwilling to do anything about it. here's the deal, folks. we laid out a $4 trillion debt reduction plan over the next 10 years. we have already passed $1 trillion of it. ladies and gentlemen, these guys vote against everything. no, no, no. i really mean it. not only do they say they don't like our plan, so you say, what's your plan? you go out there and you look at the setup. an impressive bipartisan commission. simpson-bowles. domenichi's. every one of those plans they voted against. paul ryan even voted against the simpson-bowles p
a winning touchdown to the seattle against the packers on monday night. if only deficit spending would make the outrage like that. >> or the sort of unanimity. somebody must have stuck up for the replacement refs. i never seen anything where paul ryan and barack obama agreed this what should happen. >> and very strange bedfellows, we have scott walker, famous for being tough on the union coming out in favor of the referee union. >> absolutely and wonderful field day for kar too oftenists. as new signals for referees who have replacements and let somebody else try it. great cartoon, no debate here. >> rick: is it political pandering, right before election day, a no-brainer cause? >> i never tend to know about sports so i don't want to give any analysis. >> rick: come on. >> let's pick up on that. because "time magazine" called the pander bowl. he never answers shouted questions. but there is something good that came out of it. we ought to consider replacement journalists. we get aj kers the three networks and let's get some replacements in there and see if they do any better. >> we have them
.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one is for all of you. >> you told me this morning that you felt seve in the team room last night. you felt that he could propel you guys to a victory today. how was his presence felt this afternoon? >> well, seve will always be present with this team. he was a big factor for this event. for the europe side. and last night when we were having that meeting, i think the boys knew that believing was the most important thing and i think they did. >> you've won a couple of major championships. you told me earlier in the week, it was very difficult to watch
the deficit in half in his first term. he's not been asked the simple basic questions by anybody. how did we get to -- >> except by univision. >> sean: one example. >> they haven't even hit him on the outright lie about libya. another anticipated obama argument, this crisis was caused by two wars and push tax cuts. that's so easily refuted. 2007, $161 billion deficit with two wars raging and bush tax cuts implemented in 2003. what romney really needs to do, though, is stress the urgency. none of this john mccain, obama will make a fine president. no. if obama is re-elected, this country is over as we know it. >> yeah. >> he needs to stay that in no uncertain terms. i say this, not because i'm a partisan, i'm scared to death of our lifetime earnings being in jeopardied, i'm scared to death of our liberty, of our prosperity. the american dream is gone. he doesn't believe in opportunity. he believes in expanding the welfare state and the dependence cycle. he believes in expanding obama phones and not putting people back to work and giving people human dignity. >> right. >> sean: i've never met
and sheriff's department expressed interest in this idea. and there is a $9 kblinl budget deficit. the mayor asked for input before the city goes forward with ideas. >> and you've probably noticed gas prices have gone up a little bit more and web site gas buddy.com reports it's happening after chevron reported a pipeline outage. and there are two are prices 10% higher. the average price is $4:33. >> and next year a new california hau will ban licensed mental health professionals from trying to turn gay and lesbian teens straight. a christian legal group is going court to stop the law. there are authorities having to decide whether this can take affect. >> i've heard this is a sin. >> steven went through a controversial treatment in an effort to become straight. but the bay area man says no one should go through it because it can be dangerous. >> it causes depression, anxiety. thoughts of suicide, makes you anxious causes you to hate yourself he was excited to hear the governor signing into law some day a ban preventing gay conversion therapies on minors. methods american psychiatrist society
the budget. you've got to cut the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulation
blamed republicans and the bush should ministration for the deficit. >> by the times be rains were turned over to barack and me, they had doubled the national debt in eight years. >> today, paul ryan campaigned in new hampshire. the granite state has four electoral votes. but that could make a difference in the race that could come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is shifting to a different stage this week with wednesday night's showdown between president obama ann romney. >> if you have taken a look at the history of debates, it is not about policies. is not about facts. it has changed because someone did badly or did well. >> both candidates are in intense prep sections. romney may have the most on the line. his campaign is looking at this as a chance for a game changer. >> one more note from the campaign trail. and a four paul ryan has confirmed -- and aide for paul ryan has confirmed you will spend three days preparing for his debate with vice president joe biden. and new information
the budget. you've got tout the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >> you know what a nuisance is to get through security. >> it will let you leave your shoes and belts on when you pass through checkpoints. >> this is the airport security we of all come to know, and not love. that is not what he had to do. he breezed through this new checkpoint in under two minutes. >> this is game changing amazing. >> airport security, it is called tsa pre-check. it allows a frequent fliers to be prescreened. dulles is the first airport to build a prescreening area. >> so far it is only the high level frequent-flier us who are invited to opt in. active-duty military. only a select airports and only for domestic travel. >> if you travel any more than twice a month, it is fantastic. >> i kept my shoes on like an adult. >> ai
. reduce our deficit by... next decade, on top of the... already cut. little more. afghanistan... pay down our debt and... nation-building... right here at home. patriotism, rooted in the... begins with a strong... thrivi middle class. read my plan. and decide for yourself. thanks for listening. this message. clock is ticking down for fiscal cliff. >> north american households pay $3,500 more in taxes if endress does not act by the of the year. automatic budget cuts and tax .ncreases will go into effect but it will 1 happen until election. tonight, breast cancer awareness means youderway which the color lot more of pink around. >> pamela brown has the story. pink,ough the power of georgetown university spending less critics sending a strong message. every -- these are sending a strong message. grandma have it, it scary knowing it is a possibility. but she is not alone. their passion stems from pain. >> for many of the girls out tonight, seeing in the white house right across the in pink gives them hope. that myves me hope ones, maybe someday no one will. >> the breast cancer protection req
the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >> the toyota sports desk, brought to you by your local toyota dealers. moving you forward. >> here is a stat you may not like. the nats have a losing record for the past 10 games. the braves won their 22nd straight game last night. they are in the playoffs now, too. that creates more pressure. two-one fillies in philadelphia -- phillies in philadelphia. five-one of-- 5-1 phillies. bottom of the sixth, that is when it unravels. a solo shot to right. 6-3, the final. the nats' magic number is 5. look at that. a two-run home run. a wild cadcard spot for the braves. blue jays and orioles tonight. 13-6. the orioles fall. the redskins signed he former packer running back. it brings experience to the rookie. he is a six-year veteran. he rushed for more than 4,000 yards in his career. an
've got to cut the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >> there were some terrifying moments onside the airliner. safely.d there are calling it a miracle. during the flight, the gear somehow became twisted sideways. they had to get ready for an emergency landing. were 50 feet from touching down, the landing gear suddenly down. was able to land without anyone getting hurt. -- i thought it time i wouldlast or see anybody. was like the hand of god turned the wheel. and according to the national retail federation, seven in 10 americans expected to spend big month for halloween. americans are expected to spend n costumes and candy this year, driving pauline sales to $8 billion. this morning. officials say and gennady these are getting a hands on personal information -- officials say identity thieves are getting our on personal inform
total deficit for september. the newmont promises a couple of showers in the first few days -- the new month promises a couple of shoppers and the first few days. -- of showers in the the first few days. we will pick up some of that rain shower activity beginning tonight. at the airport today, zero in the rain gauge. the monthly total for september -- there you go. 2.21 inches for september. we have less than 25 inches total. some early october shai worse or a little bit of good news. -- showers " are a little bit of good news. 72 is the average. cloudy skies continue through the evening. the rainfall may be a little bit steadier into the morning tomorrow. clouds and showers are forecast tonight, a mild temperatures, a 55-62. an area of low pressure came out of the gulf. we will go up into kentucky, parts of western ohio and the great lakes. john a warm front of the eastern seaboard keeping our temperatures above normal. even with clouds and showers, temperature should be at or above tomorrow -- normal tomorrow. the rainshowers chances are tapering off on wednesday. for thursday, and m
the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message.
open up new markkets. next, we've got to balance the budget you've got to cut the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobobs in four years. i'm mitt romney and i approve this message.
deficits. president obama says it's not a concern in the short-term. the debate tomorrow night and the obama camp there's concern that he is so smart, we won't understand what he's saying and this morning the media displays headlines that are clearly negative on governor romney. the dow will open higher again. congress is said to be working on a budget deal. that's a plus for stocks, but question, has the little guy missed this rally? we've got it all. wait till you hear herman cain go after a student heckler and wait until you see bill o'reilly on this program today. "varney & company" is about to begin. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. pfollow the
, and we could lose our country. >>> ross perot interviewed by usa today on the economy, deficit, and debt, and how it changed since he ran for president in 1992 and 1996. find his article in "usa today," and usatoday.com. ross perot tonight on c-span at 9 eastern. >> the substance abuse and mental health services administration recently released their annual report and found that 22.5 million americans aged 12 and older use illicit drugs and rates remain stable since the last survey in 2010. marijuana continues to be the most commonly used drug. the latest 2011 national survey on drug use and health marks the 23rd national observance of national recovery month. >> already. good morning. doctor wesley clark, director of the center of behavior statistics and quality and substance use -- [inaudible] on behalf of samsha, i welcome you here. we have the observance of recovery month, and the theme this year is join the voices for recovery, it's worth it. indeed, as we look at favorable results depicted in the data today, we're making progress, but we have to remain vigilant as much needs to be
dollar for it. illinois has three governors in prison and a 15 billion-dollar deficit if they want to pay for it that is their problem. missouri has to be responsible and make the tough decisions to read should be put in the mix of what we do the high-speed rail? it's probably in the mix but i don't think that is before us right now. i want to see with a factor would be. that's my world. i want to see supply and demand. if it's not there we are not in the position to build it and they will come. we are just not there. >> moderator: jim higgins? higgins: okay. i am not a transportation expert, and i don't think that these guys are either. i graduate from school as a civil engineer and i worked five years as a civil engineer but i haven't lately working on computers. why should a bureaucrat decide, which, what mode of transportation is the best? what we have rail or highways it got a central in the beginning. we build all of these highways. we overdid it on the highway. now we have our pollution and gas consumption because some bureaucrat decided that we needed highways. now we are trying t
at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our ambassador was killed, after we look at the
for mitt romney. even more specifically than the swing states just ohio and florida, double-digit deficit in florida. almost double-digit deficit in ohio. we can probably win -- there is a slight path to victory without winning ohio, there really isn't one i see without winning florida. and though mitt romney is making a play for ohio and is very committed to competing in those two states we're starting to hear rumblings from smart republicans who say maybe they would be better offon pulling from ohio and investing in florida. and then through some combination of these other swing states which you would almost have to run the table pull out a victory in the electoral college, but the math is tough. >> eliot: when you are down that much in swing states it is tough to get the tech tonic plates to move. what would you counsel him? >> i don't think it's about picking and choosing on the map. when you look at the senate races they are falling apart even more for republicans, which i think may be a leading indicator for romney. it doesn't make sense to me that ohio florida,
to balance budget deficits that were around $500 million. this year, we're facing another budget deficit of almost $400 million. fortunately in recent years, we have had some ability to do some one-time budgeting tricks that allow us to balance the budget that do not exist this year. in past years, we've received federal stimulus money. we received more monies from the state government. last year our labor unions decided to contribute a quarter of a billion dollars to help balance last year's and this year's budget. those are things we do not have the ability to avail ourselves of us we balance the upcoming budget in a few months. we are faced with far fewer options. i think we are going to have to continue to look at very deep and difficult cuts. our priorities have to be insuring and protecting the most basic city services and helping to ensure that we have services to the most vulnerable during this great recession. >> what about the city's housing needs? what should the board due to address those needs? >> we are a city that is seventh by 7 miles. we have incredible density. we're th
of thousands of dollars in deficit and give free fares and people say they need to take it to school and that brings up a issue why aren't they going to neighborhood schools. we create more problems and we need to get to the root caused of the problems and as supervisor i will advocate for the school board that is in favor of neighborhood schools. >> thank you. mr. garcia. >> when i was school i took operation research and i was a math teacher and i found it difficult and it was area map and dhl, ups come into existence and had to deal with routing and i talked to him and we don't have that and that's one thing we should do and drivers not providing notice and not show up. that doesn't work well and it's difficult to weigh in on the issue of children should be provided with free passes. i think joel is right and why can't kids go to school in their neighborhoods and you have to weigh it in reality and whether children can eat or go to school on muni and that's a difficult choice and if we do it we should mean's test. >> all right. ms. gavin. >> well, it's very interesting. i thi
in this campaign he used on the above ground states to fund the federal deficit and for not approving the economy when democrats controlled congress. >>> we got of us more dead more deficits and more people struggling to find work and no solutions that actually worked. we're the vice president's appeal to older voters in another battleground state assuring florida seniors that medicare would be around for future generations. greta the action the president took his actually strengthened the medicare trust fund and exceeded this live up to 2024. >>> president obama and the challenger mitt romney are prepping for their first debate. in practice sessions mitt romney will get help from the ohio senator who will play the role of the president. president obama will look to massachusetts senator kerry to stand in for mitt romney. behind in recent polls some campaign watchers said that mitt romney has more riding on the debates as well as more to gain than the president. " of the challenger has the opportunity to establish is competent to stand up and hold his own against the president of the estates a
whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and understand and treat them. it's a small percentage. my goal is to develop better treatment so they can keep them off that trajectory towards life course persistent problems. >> are you saying that people that have the brain structure that you have identified will always be lacking in volitional control or impulse receive to the extent that they are criminals? do we have a subset of people that are criminals because of their brains? >> i should really differentiate psychopathy from criminality. there are a lot of reasons why individuals engage in different criminal activity. it's a very small percentage of prisoners that are just about 15 t
%. there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'lwin re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies he's advocated are going to produce good economic results. if people thought it was like another recession, he would be in trouble. it's not like another recession. they know it. >> people say the paralysis in washington, the inability to get in a room and get a deal done. i interviewed
but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers are split on how broadly they should hit the president over his handling of the attack and why it took so long to acknowledge it was an act of terrorism. some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous protest after an anti-islamic video. yesterday paul ryan and
do anything to create a job, do anything to educate a child or do anything to bring down the deficit. but attempts at attacks and character assassination the way that mr. powell's been about tonight, frankly, make it a lot harder to solve problems, to compromise, to sit down and actually get something done. but i think that, mr. powell, you underestimate the decency of the voters of the seventh district, and i've had the privilege of representing this district for almost 12 years. and i can tell you we're honest and hard working people, and i have every confidence that the voters are going to reject your negative campaign. but i want to end this debate where we began. this election is about the future and about what kind of country we want to be. now, there's one path that i've advocated, lower taxes, less regulation that will produce more jobs. mr. powell's view is we need to raise taxes, we need government coming in and imposing regulation on businesses. but the fact is, we all know that the unprecedented prosperity of america did not come because the government just spent more mon
is making it easier for congress to rack up huge deficits. he also argued for the aggressive bond buying program designed to reduce interest rates and boost hiring. darren gersh reports. >> reporter: you can expect to be hearing a lot from ben bernanke is the coming months. having pushed the federal reserve to adopt an aggressive and open-ended asset purchase program, the chairman is now defending what he did and why. and bernanke says he won't change course before many more americans are back at work. >> we expect that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economy strengthens. >> reporter: economists at barclays read the chairman's remarks to mean the central bank will keep buying treasury bonds at current levels into the coming year. >> it represents urgency for the fed. obviously, purchasing at about $85 billion per month and operating across a wide range of interest rate markets suggests the fed is indeed trying to push this faster while unemployment remains high. >> reporter: conservatives have gone after bernanke
that deficit financing is the easiest thing to do. it seems free to people. unless we hold congress to budget constraints, and until the american people told congress to budget constraints that are necessary, we will not make progress. the idea, i guess, i know there's a high probability that a can will get kicked again, but i think we have to put pressure on this notion that if politicians really care about being fiscally responsible, they have to actually follow through on their claims that is what they want to do. >> donald, what do you think? you think that congress can do this through a well-organized process, or does this have to happen in a grand bargain that happens relatively quickly? >> it is fun to talk grand bargain. i have been with many of those conversations. it is fun to gather people around the table and give them pizza and coffee and hammer out the grand fiscal bargain. there are several of them out there in various levels of detail. but it remains difficult for me to believe that congress is ready to get there yet, or frankly, that the american people are ready to get there
policymakers but american people, we want a strong agreeing economy, that is the goal, not just deficit reduction or reducing taxes or reform, get this economy to lead in the world, that is what we need, a lot can be done, we can have tax reform, closes loopholes and lower rates for companies and individuals. we can cut spending in a way that we help with growth. and help with jobs. >> what do you think that ratio should be? spending cuts. >> neil, it is the $64 question, only policymakers can decided that. neil: but they are not deciding it. >> in past, in different time its was 50/50, i doubt you should to that now, during the budget talks in last year, they talked about three to one spending cuts over tax increases, you can put it did where you want, but in the condition we're in first of all you can't do this overnight, you need a 10 year plan because right now, the economy is not surging forward. neil: looking at december 31, and i guess that is what i want to raise with you, dennis, one thing paul ryan told me earlier, he does not think, unlike some more conservative purists in th
, and their greatest threat to america is not military, it is the deficit. why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 pages, and grows ev
into recession and cost too many jobs of the other hand would also go a long way to produce budget deficits. even by washington standards that seems pretty important. to discuss the cliff and its consequences of a panel of the four but it did it cover in budget watchers. bob greenstein is on the senate priorities and that of president obama's transition team policy work. douglas holtz-eakin is president of the american action forum and headed the domestic policy staff in the campaign ad was the director of the congressional budget office. donald marron is the director of the tax policy center and member of george bush's advisor and acting director of cbo and finally, digamma rogers blogs as an economist and was the chief economist of the house budget committee for the democratic staff of the house ways and means committee. the format today will be relatively straightforward. each of the panelists will speak for five minutes. i will ask some questions and we will get a discussion going up here and then turn to the audience to give you all a chance to ask questions. we have people watching on c-spa
raised levels of almost 4% of gdp in 2010 and we see that today deficit is tomorrows taxes and the market always punishes the lack of fiscal irresponsibility. that is why expanding the public debt is to stimulate the economy and we understood that. once you do if you have to take measures to rebuild your finances. the big mistake made by the many economy starting the crisis was to forget that we can use the public deficits like this. but if you try to use it on a regular basis, you will face sooner or later problems in the deficit and that is exactly what is happening with several economies in europe right now. that is why we've put in place an exit strategy to regain the fiscal balance including several painful measures. for instance increasing the tax revenues come producing the public expenditures, promoting the reforms and the deregulation program. we also sit down with a very inefficient energy company which saves the government more than $5 billion a year in subsidies. thanks to the fiscal discipline, the public debt is a historical low level. more than twice the amount of the total
to the same standard as well. >> first of all, we have a deficit plan, it's got health care savings. romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. he's got a 5 trilli$5 trillion. -- another $2 trillion in defense spending. >> just three days into the first presidential debate, meanwhile mitt romney is off to the trail. we have two reports, we begin with nbc's peter alexander, he's with the romney campaign in boston, with a good morning to you, peter. what are you hearing about all the debate preps today. he o'clock najs that this is an important opportunity in her debate. people have a tendency to focus on the small things, like the color of a candidate's tie or the dramatic one liners, which is his need to get across the big picture message. he says if he does that, he thinks he can be effective over the course of the next three debates and ultimately win this thing. we heard this morning from governor chris christie of new jersey, i want to play you another clip from new jersey this morning. chris christ >> and so they're going start t
bringg in 87 billion dollars. with a deficit of a trillion plus, you still have a 900 billion dollarr deficit and if you have a trillion dollar deficit. it brings in 8divide million from the rich and you still have 913 billion of red ink . and you can crazy and trash the millionaires and take every red cent they earn . every millionaire will have the entire income confiscated. you trash the institution and confiscate the red cent and you bring in 839 billion. >> steve: you are way short. >> brian: we are short a trillion every year. >> you don't have a taxing problem. this is a spending problem. it is solved by reducing spend reforming entitlements over the long term. taxing the rich will make barely any difference . it is a political slogan. >> steve: right now the president wants to get reelected so he has the key to air force one. >> he thinks that if you tax the rich that brings in votes. >> steve: we are talking about increasing the taxes on the rich. what people forget about. taxes for everyone are scheduled to go up next year. >> yes, they will. >> steve: everybody is going to
the math work on his deficit plan and his tax plan. are we going to get those details in the course of the debate? >> well, you know, david, i wish you guys were just as tough on the president. the president says he's going to create a million new manufacturing jobs. he doesn't say how. he says he's going to reduce the long-term debt and deficit by $4 trillion. doesn't say how he's going to do it. you know, let's be fair here. governor romney has laid out a direction and a vision for the direction of this country. he's not an accountant. he's not going to go line by line as much as you'd like him to do through the budget. but let's hold the president to the same standard and criticize him as well. >>> good morning, it is monday, october 1st. it's october, everybody. welcome to "morning joe." >> yeah, you know who's glad september's over? >> who? >> the jets. holy cow! >> i thought you were going to say mitt romney. with us on set, we have msnbc and "time" senior political editor mark halperin and national affairs editor for "new york" magazine john heilemann. guys. hi, willie. >> he
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